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Market Reports

Closing Gold & Silver Market Report – 7/21/2011

EU REACHES BAILOUT AGREEMENT; US DOES NOT Gold traded lower today on news that European leaders have finally agreed on a plan to contain the sovereign-debt crisis.  However, Matt Zeman of Kingsview Financial in Chicago, comments, “The EU lacks credibility in a lot of investors’ minds…whether or not this debt deal gets done, the fact of the matter rema... Read More

Mid-Day Gold & Silver Market Report – 7/21/2011

CREDIT RATINGS LOOKING BLEAK Standard & Poor’s reiterated its position today that if the U.S. government misses its scheduled debt payments it could cut the U.S. credit rating as early as August. There is some tie-in to both raising the debt ceiling and balancing the budget that S&P needs to see to avoid that type of action. The trickle-down ef... Read More

Morning Gold & Silver Market Report – 7/21/2011

GREEK BAILOUT INCLUDES DEFAULT? The meeting between German Chancellor Angela Merkel and French President Nicolas Sarkozy brought about a “common position” regarding a second bailout for Greece.  European Union leaders meet today to discuss the matter further.  The euro has bounced all over the place since the news came ou... Read More

Closing Gold & Silver Market Report – 7/20/2011

Despite gold trading lower this morning, it has rallied to stay above the $1,600 mark.  Precious metals took a little dip today on news of President Obama pushing for a quicker deal on the debt ceiling.  However, with the seriousness of the situation combined with a struggling economy and rumors of QE3, people stayed close to the safe-haven inve... Read More

Mid-Day Gold & Silver Market Report – 7/20/2011

MORE PLANS, MORE PROBLEMS, GOLD RISING Congressional leaders are doing their best to come up with a strong enough compromise that will accommodate the need to increase the debt ceiling, while also balancing the budget. The main component is trying to accommodate two different plans in one fell swoop among a bipartisan C... Read More

Morning Gold & Silver Market Report – 7/20/2011

OPTIMISM ABOUNDS OVER DEBT CEILING, EUROZONE TALKS U.S. stock futures are trading higher and gold is down this morning thanks to renewed optimism regarding debt ceiling negotiations.  On an unrelated note, the “cut, cap, and balance” plan was passed by the House yesterday, but President Obama has already said he would veto thi... Read More

Closing Gold & Silver Market Report – 7/19/2011

GANG OF SIX AGREES TO CUT DEFICIT Gold dropped below $1,600 this afternoon as investors were more willing to take on risk in their investments. The commodity rallied in Asian trades, extending its recent upturn but flipped back later on. The euro gained with the help of some upbeat comments from European Central Bank President Jean Claude Trichet about the... Read More

Mid-Day Gold & Silver Market Report – 7/19/2011

GOLD STAYS ABOVE $1,600 AS U.S. STOCKS RISE Stocks in the U.S. have risen today based on both positive earnings results from a number of companies and an unexpected six month high in housing-market data. However, the market news wasn’t entirely sunny as Read More

Morning Gold & Silver Market Report – 7/19/2011

GOLD FLAT AS DEBT CEILING, EUROZONE ISSUES REMAIN The doors to compromise finally seem to be opening in debt ceiling negotiations.  More details have arisen about behind-the-scenes deals that are in the works.  The game of politics is still very much in play, but at least one deal is looking to give President Obama the power to raise the debt ceiling himself if the two sides cannot come to an a... Read More

Closing Gold & Silver Market Report – 7/18/2011

DEBT CEILING CLOCK TICKING, BACK UP PLANS EMERGE President Obama has threatened to veto a most recent proposal involving the U.S. debt limit ceiling as long as it includes balancing of budget is a requirement. With the August 2 deadline looming Congressional leaders are going to “…Stay in session every day, including Saturdays and Sund... Read More

Mid-Day Gold & Silver Market Report – 7/18/2011

GOLD RISES WHILE STOCKS DROP AMID CONTINUING DEBT FEARS U.S. stocks have seen a sharp drop in morning trading, primarily caused by the ongoing fears investors have over the failure by U.S. policymakers to raise the debt limit, as well as the uncertainty that still surrounds the debt crisis in Europe. Those same fears helped gold futures to Read More

Morning Gold & Silver Market Report – 7/18/2011

GOLD BREACHES $1,600 AS OPTIMISM IN U.S. AND GREECE SUBSIDES Gold breached the $1,600/oz. barrier earlier this morning amid fears of debt contagion in the eurozone and unsatisfying U.S. debt ceiling talks.  Silver rose above $40/oz. for the first time since the large run in late April.  An analyst at Forex.com explained, “Recently,... Read More

Closing Gold & Silver Market Report – 7/15/2011

ANOTHER ONE BITES THE DUST Precious metals are still going strong, with gold tallying a nine-session gain of almost $108, and a 3.2% gain for the week and silver knocks at the door of $40 an ounce.  Some experts are saying that the technical charts for gold based on past rallies see gold reaching $1,750 and ounce.  CitiFX’s chief technical... Read More

Mid-Day Gold & Silver Market Report – 7/15/2011

EURO BANKS FAIL STRESS TEST Fears abound that the Greek debt crisis is spreading to bigger countries such as Spain and Italy. As a repercussion, investors have been panicking and causing European bank shares to fall to a two-year-low. Eight European banks failed stress tests, while as many as 15 are needing more capital to withstand a prolonged recession. Wit... Read More

Morning Gold & Silver Market Report – 7/15/2011

MANUFACTURING DECLINES; S&P JOINS MOODY’S IN POTENTIAL DOWNGRADE The “Empire State” manufacturing gauge unexpectedly declined for a second month in a row, while the Labor Department reports that the core Consumer Price Index rose 0.3 per cent after a similar gain in May. This was above economists’ forecast of 0.2 per cent. Read More

Closing Gold & Silver Market Report – 7/14/2011

ANOTHER DAY CLOSER TO THE DEADLINE, NO PROGRESS TO REPORT – How many times can new agencies report that there’s no news to report on budget talks?  The most recent talks ended tensely, with both sides deeply entrenched in their ideologies.  President Obama told Republican lawmakers today “Don’t call my bluff,” alluding to his threats to veto any short term, stopgap bargain.  A group of ... Read More

Mid-Day Gold & Silver Market Report – 7/14/2011

MOODY’S PUTS THE PRESSURE ON DEBT LIMIT TALKS The decision by Moody’s Investors Services to review the United State’s Aaa credit rating for a possible downgrade is adding even more pressure to the already-tense debt limit discussions between President Obama and Republican leaders. Interests both in this country and overseas (most nota... Read More

Morning Gold & Silver Market Report – 7/14/2011

GOLD IN UNCHARTED TERRITORY YET AGAIN Gold is hovering above yesterday’s record-high close thanks to the fallout of Moody’s placing the U.S. bond rating on review.  Silver is also enjoying moderate gains of approximately 3%.  Yesterday’s Aden Report explained, “With one crisis following another, it’s not surprising that gold didn’t stay down long.  ... Read More

Closing Gold & Silver Market Report – 7/13/2011

MOODY’S PLACES U.S. BOND RATING ON REVIEW – Citing the “rising possibility” that political leaders in the U.S. won’t come to an agreement on raising the debt limit, Moody’s Investors Service has placed the AAA bond rating currently held by the U.S. on review for a possible downgrade. At the same time, discussions between GOP leaders and President Obama on rai... Read More

Mid-Day Gold & Silver Market Report – 7/13/2011

BERNANKE IMPLIES QE3 LIKELY Fed Chairman, Ben Bernanke, had a congressional hearing today and spoke about a number of different topics. The biggest component to his testimony, was the implication that QE3 is likely to occur. He said, "The possibility remains that the recent economic weakness may prove more persistent than expected and that deflationary risks might reemerge, implying a need for additional policy support." The economy is expected to grow “a... Read More

Morning Gold & Silver Market Report – July 13,2011

GOLD PRICES HIT A RECORD HIGH - Gold prices climbed to record highs this morning hitting $1,579.70. This is happening as global equity markets strengthened overnight and the U.S. stock marke... Read More

Closing Gold & Silver Market Report – 7/12/2011

GOLD ENDS THE DAY HIGH BASED ON DEBT CRISIS FEARS With fears that the debt crisis facing Greece would soon spread to Spain and Italy, gold prices soared, spurred by investors looking for a safe haven investment. Treasury Secretary Timothy Geithner declared today that he wants an agreement in place with Congress on raising the U.S. debt limit no later than the end of nex... Read More

Mid-Day Gold & Silver Market Report – 7/12/2011

Precious metals are trading steady as earlier today oil was still trending towards its third straight day of losses.  It has now begun to gain, taking gold with it. The Read More

Morning Gold & Silver Market Report – 7/12/2011

CONTAGION FEARS HOLD MARKETS HOSTAGE As the euro weakens against the dollar, the price of gold is mostly suppressed.  This is the case this morning as gold is flat.  However, when priced in the euro, gold is at an all-time high for the second day in a row.  The fear that the debt crisis Greece is currently facing will spread to other weak... Read More

Closing Gold & Silver Market Report – 7/11/2011

GOLD CONTINUES UPWARD AMID EQUITIES LOSSES – Concern over Europe’s sovereign debt crisis pushed gold up today, aided by a significant drop in stock prices.  Italy and Spain seem to be in ever-increasing trouble lately. In the last few trading days the interest rates investors demand to loan money to the two governments skyrocketed, indic... Read More

Mid-Day Gold & Silver Market Report – 7/11/2011

OBAMA BEARS DOWN ON DEBT CEILING TALKS  With the August 2nd deadline for the U.S. to raise the debt ceiling and avoid defaulting on the national debt steadily coming closer, President Obama said in a news conference this morning that he “will refuse to sign any short-term deficit deal.” The President indicated that he would be meeting daily with Washing... Read More

Morning Gold & Silver Market Report – 7/11/2011

ARE WE GETTING TALLER? THE CEILING SEEMS CLOSER. Mohamed El-Erian, CEO of PIMCO, is advising that we keep a close watch on Italy, as the market measures of Italian sovereign risk rose sharply last week. On Friday, the credit spread on five-year instruments spiked 30 basis points in one day, which is a very significant amount for a country with Italy’s economic and financial standing. The stocks of Italia... Read More

Closing Gold & Silver Market Report – 7/8/2011

METAL MARKETS BOOM ON SAFE HAVEN BUYING – The horrible jobs data released today broke a long winning streak in stocks and caused many investors to flee to safe haven assets like gold.  Most investors look at long term price movements when buying physical metals, Read More

Mid-Day Gold & Silver Market Report – 7/8/2011

JOBS REPORT ANEMIC DESPITE PREDICTIONS - The big story affecting the market today is non-farm payroll data for June being worse than it was in May; in fact, June saw the fewest number of jobs added in nine months.  Expectations for June were that 90,000 or more jobs would be added, but when only 18,000 new jobs came in, the disparity between reality and predictions sent the markets into retreat.  Read More

Morning Gold & Silver Market Report – 7/8/2011

DISMAL JOBS REPORT STUNS INVESTORS, BOOSTS GOLD Before the release of the nonfarm payrolls report this morning, economists’ consensus was for a gain of 125,000 jobs in June, with unemployment staying at 9.1%.  Gold prices were down slightly in anticipation of the report, and the dollar strengthened amid the optimism.  Yet again, th... Read More

Closing Gold & Silver Market Report – 7/7/2011

GOLD HOLDS RELATIVELY STEADY AS INVESTORS’ FEARS ARE CALMED – Gold prices were relatively flat today, as news rolled about employment data, anti-inflationary measures by the European Central Bank, aid for Portugal, among others.  Stocks continued their run up on the news, with gold up slightly. Read More

Mid-Day Gold & Silver Market Report – 7/7/2011

GOLD BENEFITS FROM FLIGHT TO QUALITY Precious metals are trading steadily today, with silver making a small gain, after news of jobless claims falling by 14,000 to 418,000.  Oil also rose after the jobless data was released with ... Read More

Morning Gold & Silver Market Report – 7/7/2011

PRIVATE JOBS UP; ECB RAISES RATES The private sector added 157,000 jobs from May to June according to this morning’s ADP report. Although still not enough to make a significant dent in the unemployment rate (which remained at 9.1%), it did beat forecasts.  Gold has recovered from early-morning losses and joined silver in the black. Read More

Closing Gold & Silver Market Report – 7/6/2011

GOLD AS AN INSURANCE Precious metals are trading higher today on continued news of the U.S. coming ever closer to the debt ceiling while there is still no deal in sight.  News that also helped push the metals today is that of the Portugal credit downgrade, reviving fears of a eurozone debt contagion.  George Gero, the precious metals strategist at RBC Capit... Read More

Mid-Day Gold & Silver Market Report – 7/6/2011

GOLD MARCHES FORWARD – DOLLAR LEADING CHARGE? The U.S. dollar is strengthening, thanks in part to the euro slipping on news of Portugal’s debt rating being slashed (EU officials are blasting ratings agencies for anti-European bias), the end of ... Read More

Morning Gold & Silver Market Report – July 6,2011

THE FOUR STRUCTURAL HEADWINDS FACING THE US ECONOMY - In an article published on Monday, PIMCO CEO and co-CIO, Mohamed El-Erian, presented his view of the four structural headwinds facing the US economy. First is the housing market. Nearly three years after the global financial crisis, the US housing market has still not set a bottom and this under... Read More

Closing Gold & Silver Market Report – 7/5/2011

GREECE WELCOMES PORTUGAL TO JUNK RATING TERRITORY – Ratings agency Moody’s downgraded the Portugal’s debt to junk this afternoon, a move that happened only months ago for Greece.  Moody’s is the first ratings agency to move Portugal’s debt to less than investment grade.  Reflecting the sentiment that the euro zone is no where near the end of the crisis, Rob... Read More

Mid-Day Gold & Silver Market Report – 7/5/2011

WTO SIDES WITH U.S. IN CHINA TRADE DISPUTE – The World Trade Organization has ruled that China broke international trade regulations by limiting exports of raw materials.  The dispute was originally brought before the WTO in 2009 by the U.S., EU, and Mexico.  The complaints deal specifically with duties imposed on raw materials produced in Chin... Read More

Morning Gold & Silver Market Report – 7/5/2011

GOLD JUMPS BACK OVER $1500 IN OVERNIGHT TRADING – Silver, platinum and palladium are up sharply as well. This comes as the world equity markets are posed for yet another gain. There is a mixed message in the marketplace, as some investors see growth and are jumping into equities, while others see risk and are jumping into safe haven investments such as gold. The European Central Bank (ECB) will continue to accept Greek debt ... Read More

Closing Gold & Silver Market Report – 7/01/2011

JULY IS IN LIKE A BEAR FOR GOLD – The precious metals market saw losses across the board today as strong manufacturing data out of the U.S. and a positive sentiment from the EU on Greek debt encouraged investors to move into other investments.  Jim Steel, a metals analyst with HSBC in New York said, “It’s really in line with the overall commodity decline.”  Other commo... Read More

Mid-Day Gold & Silver Market Report – 7/1/2011

Precious metals are trading lower today, partially due to the release of the June ISM factory index increase to 55.3%, which eased fears of a double-dip recession.  GM posted a 10% jump in their June car sales.  But we are not out of the woods yet; the... Read More

APMEX Market Reports provide our readers with a review of spot price activity and some of the factors that may be affecting the market for Precious Metals. While the information is obtained from sources we believe to be reliable, we do not guarantee its accuracy or its completeness and we encourage you to conduct your own investigation prior to making any decision based on the information. The Market Reports are not intended as a comprehensive discussion and there may be other factors affecting the financial marketplace. These Market Reports are provided for informational purposes only and do not constitute a recommendation by APMEX to hold, purchase or sell any Precious Metal product. All orders, purchases and sales, if any, are subject to the terms of the User Agreement and other applicable policies.


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